A Few Facts about Banking History in America Can Help In Understanding

Why You Are Feeling the Squeeze

Compiled by Nancy B. Detweiler

Gold Backed Currency

1892 – Bankers adopted their Bankers’ Manifesto of 1892 in which it was declared: “We [the bankers] must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance. The Farmers Alliance and Knights of Labor organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them….

The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.

When through the process of the law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders.”

Silver Backed Currency

1907-1917 – In order to warn Americans, the1892 Bankers’ Manifesto was revealed by US Congressman Charles A. Lindbergh, Sr. from Minnesota before the US Congress sometime during his term of office between the years of 1907 and 1917.

1910 – John E. DiNardo, professor of public policy and economics at the University of Michigan, writes in his article “The Federal Reserve Act”: “On the night of November 22, 1910, a small group of surrogates of the most powerful bankers of the World met … under the veil of utmost secrecy.

Over the next few weeks these men would perpetrate, under the orders of their masters, … perhaps the most colossal and devastating fraud ever inflicted upon the American People.

This ultra-secret fraud is known as the Federal Reserve Act of 1913…. The Federal Reserve Act of 1913 concocted legislation, to be foisted upon the People’s Congress of the United States, that empowered and commissioned this secret cabal of World-dominant bankers to PRINT UNITED STATES CURRENCY, a usurpation of our Constitution’s explicit edict empowering ONLY THE UNITED STATES GOVERNMENT to print and coin currency. This world banking empire used their stolen power to print, out of thin air, paper currency which, in no way represents the gold and silver reserves that authentic currency is supposed to represent.”

1933 – 1934 – Prior to 1933, Federal Reserve Notes were backed by gold. This changed with the new law: Congressional Record, March 9, 1933 on HR 1491 p. 83. “Under the new law the money is issued to the banks in return for government obligations, bills of exchange, drafts, notes, trade acceptances, and bankers acceptances. The money will be worth 100 cents on the dollar, because it is backed by the credit of the nation. It will represent a mortgage on all the homes, and other property of all the people of the nation.”

Federal Reserve Note – Backed by the credit of the nation

The Bankers’ Manifesto ties in with the U.S. Senate Document No. 43, 73rd Congress, 1st Session (1934), which states: “The ultimate ownership of all property is in the State; individual so-called ‘ownership’ is only by virtue of Government, i.e., law, amounting to mere ‘user’ and use must be in acceptance with law and subordinate to the necessities of the State.”

If you have the deed to your home, look at it. You are called tenant, not owner.